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Daily News


November 8, 2019

IN THIS ISSUE:

1. AS OF OCTOBER 1, LARI EQUIVALENT OF RETAIL DEPOSITS, PLACED IN FOREIGN CURRENCY, INCREASED BY 18.7% Y-O-Y
2. AS OF OCTOBER 1, RETAIL DEPOSITS, PLACED IN NATIONAL CURRENCY, INCREASED BY 18.7% Y-O-Y
3. AS OF OCTOBER 1, LARI EQUIVALENT OF DEPOSITS, PLACED BY LEGAL ENTITIES IN FOREIGN CURRENCY, INCREASED BY 17.4% Y-O-Y
4. AS OF OCTOBER 1, LEGAL ENTITIES’ DEPOSITS, PLACED IN NATIONAL CURRENCY, INCREASED BY 5.6% Y-O-Y
5. GEORGIAN FINANCE MINISTRY: IN THE NEXT 2 YEARS, GERMANY WILL ALLOCATE 161.7M EUR TO GEORGIA
6. SITE FOR PROCESSING ENTERPRISE COULD BE HANDED OVER TO HOLDERS OF MINING LICENSE WITHOUT AUCTION
7. GEORGIAN ECONOMY MINISTER: CHINESE ASSOCIATION OF ELECTRONICS AND MECHANICAL ENGINEERING IS READY TO ESTABLISH AT LEAST 5 NEW ENTERPRISES IN GEORGIA
8. ECONOMY MINISTER: DESPITE SIGNIFICANT GROWTH IN TOURIST FLOWS FROM CHINA, POTENTIAL IS STILL VERY BIG
9. TOURISM ADMINISTRATION: IN THE TRAVEL LIST OF “WTM LONDON 2019”, GEORGIA IS ON THE 1ST PLACE
10. “RYANAIR” MADE FIRST FLIGHT TO KUTAISI

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1. AS OF OCTOBER 1, LARI EQUIVALENT OF RETAIL DEPOSITS, PLACED IN FOREIGN CURRENCY, INCREASED BY 18.7% Y-O-Y
Economics

National Bank of Georgia reported that retail deposits (including ones of sole proprietors), placed in Georgian banks in foreign currency, totaled as of October 1 to equivalent of 10.85 billion lari. The volume has increased by 6.6% quarter-on-quarter and by 18.7% year-on-year.

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2. AS OF OCTOBER 1, RETAIL DEPOSITS, PLACED IN NATIONAL CURRENCY, INCREASED BY 18.7% Y-O-Y
Economics

National Bank of Georgia reported that retail deposits (including ones of sole proprietors), placed in Georgian banks in national currency, totaled as of October 1 to 3.55 billion lari. The volume has increased by 3% quarter-on-quarter and by 25.3% year-on-year.

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3. AS OF OCTOBER 1, LARI EQUIVALENT OF DEPOSITS, PLACED BY LEGAL ENTITIES IN FOREIGN CURRENCY, INCREASED BY 17.4% Y-O-Y
Economics

National Bank of Georgia reported that deposits, placed by legal entities in Georgian banks in foreign currency, totaled as of October 1 to equivalent of 6.22 billion lari. The volume has increased by 4.7% quarter-on-quarter and by 17.4% year-on-year.

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4. AS OF OCTOBER 1, LEGAL ENTITIES’ DEPOSITS, PLACED IN NATIONAL CURRENCY, INCREASED BY 5.6% Y-O-Y
Economics

National Bank of Georgia reported that deposits, placed by legal entities in Georgian banks in national currency, totaled as of October 1 to 5.9 billion lari. The volume has decreased by 3.6% quarter-on-quarter, but increased by 5.6% year-on-year.

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5. GEORGIAN FINANCE MINISTRY: IN THE NEXT 2 YEARS, GERMANY WILL ALLOCATE 161.7M EUR TO GEORGIA
Economics

Georgian Finance Ministry declared that in the next 2 years, German government will spend 161.7 million EUR for financing of priority spheres in Georgia. Out of total, 21.7 million EUR will be allocated as grant.

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6. SITE FOR PROCESSING ENTERPRISE COULD BE HANDED OVER TO HOLDERS OF MINING LICENSE WITHOUT AUCTION
Economics

Georgian Parliament considers draft amendments to the law “On State Property”, which allow handover of the site to holder of mining license directly, without holding of auction. This option is envisaged for construction of processing enterprise.

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7. GEORGIAN ECONOMY MINISTER: CHINESE ASSOCIATION OF ELECTRONICS AND MECHANICAL ENGINEERING IS READY TO ESTABLISH AT LEAST 5 NEW ENTERPRISES IN GEORGIA
Economics

Georgian Ministry of Economy and Sustainable Development reported that within her visit to China, the Minister Natia Turnava met with representatives of Chinese association of electronics and mechanical engineering.

As the Minister declared, Chinese party at the meeting expressed “readiness to establish, at least, 5 new enterprises on Georgian soil”.

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8. ECONOMY MINISTER: DESPITE SIGNIFICANT GROWTH IN TOURIST FLOWS FROM CHINA, POTENTIAL IS STILL VERY BIG
Economics

“Today, we have quite growing flow of tourists from China, however being expressed in figures, this indicator is quite modest, in comparison with the existing potential”, Georgia’s Minister of Economy and Sustainable Development Natia Turnava declared.

During her visit to Shanghai, Turnava met with representatives of Chinese online travel agency Ctrip and discussed future cooperation with them, Georgian Ministry reported.

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9. TOURISM ADMINISTRATION: IN THE TRAVEL LIST OF “WTM LONDON 2019”, GEORGIA IS ON THE 1ST PLACE
Economics

At the World Travel Market 2019, which was held on November 5-6 in London, Georgia was named among 30 new destinations, which tourists should visit in 2020, Georgian National Tourism Administration reported. In the list of these destinations, Georgia is on the 1st place, the Administration noted.

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10. “RYANAIR” MADE FIRST FLIGHT TO KUTAISI
Business

After Tbilisi, Irish low-coster Ryanair started operation in Kutaisi airport too. The airline made its first flight to Kutaisi on November 7 from Marseille.

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Exchange Rates (NBG)
  11/12/19 + / -
  USD   2.9618   0.0015
  EUR   3.2645   0.0052
  RUR   4.6247   0.0108
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